No. of Recommendations: 3
I feel like I keep seesawing on BTC as a long-term asset. I don't think many people understand that it's decentralized and has a finite number of coins, unlike many cryptocurrencies that could easily be manipulated. There are many countries where their currency is being inflated away by their government and there are strict controls on purchasing other countries' currency and assets, and something like Bitcoin potentially gives them a lifeline. However, the way Bitcoin's set up also makes it very difficult to use as a currency. I read Lyn Alden's Broken Money, and while she really brings a level-headed perspective to the viability of Bitcoin, I struggle to understand the talk around Lightning and the layers that could be "built on top" of Bitcoin in order to improve transaction flow. If the concern is manipulation of currency by governments, how are you getting around the manipulation concern when you're trusting other go-betweens to control the flow?